Global firm Simmons & Simmons has become the latest top-end practice to announce big profit rises.

In the year to 30 April 2026 profits grew by 14% to £245 million, the firm announced today. Profit per equity partner was up by 11% to £1.25m. Revenue was up by 12% to £690m, with particular success for the asset management and investments funds division and the technology, media and telecoms practice.

Global managing partner Emily Monastiriotis said: ‘Over the past year our expanding international platform and highly specialised sector focus has continued to be a real source of strength, contributing strongly to our overall performance.

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‘The results also reflect a year of major investment – in our partnership, new offices and our AI capabilities.’ She added that the firms has a new five-year plan setting out its ambition to become a leading AI-enabled legal practice. 

The firm hired 37 lateral partners over the last financial year, across 14 offices and multiple sectors; it also promoted nine people to partner. Women made up 56% of those promoted, meaning the firm has already met its 2026 target for women to represent 50% of partner promotions.

The firm has closed its Cambridge office, which it inherited in 2019 through an acquisition. 

A spokesperson said: 'We decided not to extend our flexible working space in Cambridge effective 30 June. Our Cambridge office has 10 people. By way of comparison, our Bristol office has nearly 400 people and our London office is three times the size of Bristol. Since acquiring Wavelength in 2019, we have fully integrated legal engineering capabilities with our firm’s global legal expertise, with many of its lawyers, legal engineers and other employees now working regularly from our other offices. No jobs were lost due to relocation.'